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Nov 27, 2012
11/12
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FBC
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he's never been seous about cutting the deficit. is he really going to leave office with a 20 trillion-dollar debt? cheryl: if you look at this poll, and this is actually going to surprise you, when voters were asked, if the fiscal cliff heads, who do yo blame? obama. of course. 29%. >> that as president obama effectively we using the soap box. then i say this. if this was a referendum on higher tax rates, was a ballet on obamacare? the public is opposed to obamacare. is the president going to put obamacare on the table for spending cuts? they do have some principles to fight for and i think it would be a waste if they can act and caved in on everything. i think that the government needs more revenue. because of the recession, government revenue fell. but that doesn't mean you have to tax rates. we areoing to need economic growth. if you raise the rates, history shows they don't get new growth. cheryl: before you go, have to share this. people are asking, 67%, that is what we are dealing with here. >> that is the view of congress. 2
he's never been seous about cutting the deficit. is he really going to leave office with a 20 trillion-dollar debt? cheryl: if you look at this poll, and this is actually going to surprise you, when voters were asked, if the fiscal cliff heads, who do yo blame? obama. of course. 29%. >> that as president obama effectively we using the soap box. then i say this. if this was a referendum on higher tax rates, was a ballet on obamacare? the public is opposed to obamacare. is the president...
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Nov 25, 2012
11/12
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CSPAN2
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eye 119
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Nov 29, 2012
11/12
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FBC
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i mean deficit spending is a violation of the state constitution. do they care about that in sacramento? they blow right by it. neil: but you don't think what is going on here now, governor, governor davis in a second, is a harbinger? in other words maybe voters here as they have elsewhere, rightly or wrongly are saying you know what? we cut a lot or tried to cut. we never make much progress on it. i guess only thing to do to avoid fiscal armageddon is just hike taxes. we hope it is not on us. we'll start going after the rich. >> that is number one class warfare. and number two you keep piling up the debt. ultimately you're in a position, as we are in today at the federal level, where most of the debt isn't even on the books. neil: that's right. >> i mean what is said to be the national debt is about one fifth of the actual national debt. neil: you're right. unfunded liabilities and medicare, medicaid. >> medicare, medicaid, neil: you only boom your way out of that, right? governor davis, what do you see now that could boom us out of this? because t
i mean deficit spending is a violation of the state constitution. do they care about that in sacramento? they blow right by it. neil: but you don't think what is going on here now, governor, governor davis in a second, is a harbinger? in other words maybe voters here as they have elsewhere, rightly or wrongly are saying you know what? we cut a lot or tried to cut. we never make much progress on it. i guess only thing to do to avoid fiscal armageddon is just hike taxes. we hope it is not on us....
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Nov 29, 2012
11/12
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KNTV
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plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is now suggesting that while negotiations continue on whether the wealthy to pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people, and i think we ought to go ahead and make that abundantly clear to everybody and take it out of the negotiation. >> reporter: bott
plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least...
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Nov 23, 2012
11/12
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FOXNEWSW
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week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest and items will be delivered between four and eight the same day. they hope to generate 10-50 million. and it expected 20 percent jump in package volume which is more than the rivals. they will look to expand it in other major like new york, boston and chicago et cetera. the outlook is bleak even if it makes maxed profit. that is not enough to plug the budget hole and not taking boo - into the account to run the program. >> we are all pulling for the postal service. time right now. 17 after the hour. it was an iconic image of sandy. new york city crane twisted in half and damaging buildings and now busin
week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest...
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Nov 28, 2012
11/12
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FOXNEWSW
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. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ >>> i'm bret baier in washington. the big story here today is a new develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the
. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪...
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Nov 29, 2012
11/12
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MSNBCW
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tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter: one conservative is suggesting that while negotiations continue, congress should stop tax rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his campaign rival at a private lunch. no reporters will be allowed in. it is t
tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter:...
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Nov 22, 2012
11/12
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the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we just showed you on our blog and you can load them on your smartphone or ipad to pass around the table and print them out on paper in case your uncle doesn't look liking at these new things. those are waiting for you now. we are here for you. you can do this. report back and let us know how it went. that does it for us tonight. have a great thanksgiving. we'll see you monday. now it is time for the last word with lawrence o'donnell guest hosted by the spectacular ezra kline. good evening. >> good evening, rachel. i am glad to know other people bring char
the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we...
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Nov 28, 2012
11/12
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CNBC
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eye 76
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there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine here to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congr
there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of...
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Nov 22, 2012
11/12
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FBC
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if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need help. are they out of money because their and our people in disaster situations? are they just bad at managing it? >> two reasons, and you mentioned them both. the first is that people build houses on flood prone areas, beaches, next to reverse. they only pay a couple hundred dollars a year for flood insurance. the taxpayer bells them out of literally and figuratively out of these floods because let's say $300 a year. they did bailed out to the tune of tens of thousands of dollars by the federal government when a disaster strikes. if you kind of sou
if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need...
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Nov 22, 2012
11/12
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MSNBCW
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. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are 4-7 times more likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba overtime games. first atlanta, hitting a long three-point er lifting the hawks over washington, 101-100 and next, russell westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> now to college basketball, fourth ranked michigan made a second half come back at the nit semifinals. wolverines beat pittsburgh 67-62, to advance in the championship game. >>> a big nfl thanksgiving triple header today. come on, men, you know you're excited, starts with texans at the lions at 12:30 and washington redskins at dallas cowboysed a 4:25 p.m. eastern and patriots at the new york jets at 8:20 on nbc. >>> just ahead, danica patrick's future takes a major turn. >>> and william shatner gets auto-tuned in this deep fried turkey from state farm. it's a little bizarre. take a listen. ♪ i want a deep fried turkey, a m
. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are 4-7 times more likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba overtime games. first atlanta, hitting a long three-point er lifting the hawks over washington, 101-100 and next, russell westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>>...
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Nov 21, 2012
11/12
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CNBC
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there's a $1.1 billion deficit. if that keeps up -- >> trillion. you're talking trillion-dollar deficits every year. >> if that keeps up, the spending goes to $6 billion. what we take in goes to $4.6 billion. you have a $1.4 billion deficit you're going to deal with in ten years with $1 trillion debt. interest payments you have to make every year. when you're making interest payments of $1 trillion a year, everybody is going to stop investing. germany isn't going to buy our bonds anymore. >> maybe they want this. it seems like both sides are digging in. the president says he wants $ .6 trillion in revenue. that means higher taxes as well as taking the loopholes away. maybe he wants to go over the cliff to prove a point. >> going over the cliff to prove a point is like wrecking your car to show that you can't drive. i mean, it doesn't make any sense. what makes sense is to be thoughtful. a democrats and a republican two years ago, simpson/bowles, got together and put together some guidelines that nobody paid any attention to. it had to do with healt
there's a $1.1 billion deficit. if that keeps up -- >> trillion. you're talking trillion-dollar deficits every year. >> if that keeps up, the spending goes to $6 billion. what we take in goes to $4.6 billion. you have a $1.4 billion deficit you're going to deal with in ten years with $1 trillion debt. interest payments you have to make every year. when you're making interest payments of $1 trillion a year, everybody is going to stop investing. germany isn't going to buy our bonds...
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Nov 29, 2012
11/12
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duke comes back from a double digit deficit to win this one. that's the third win already this season over a top five team. very impressive. >>> now to college football. lsu's les miles ended speculation he would become the next head coach at arkansas. by agreeing to a seven-year contract that will keep him in baton rouge through 2019. that's leverage move there, les. "the washington post" reports that the new deal will pay miles in the range of $3.4 million a year, that is an increase. miles' extension from lsu still falls short of the five-year 27 had the $5 million deal offered by the razorbacks. his agreement with the tigers still makes him the fourth highest paid coach in college football only behind this list. nick saban, mack brown and bob stoops. miles, by the way, has a record 85 wins and 20 losses in eight seasons with lsu. >>> coming up at the top of the hour on "morning joe," no, they're not letting me do that, today mitt romney lunches at the white house as he and president obama sit down for the first time after the election. we'l
duke comes back from a double digit deficit to win this one. that's the third win already this season over a top five team. very impressive. >>> now to college football. lsu's les miles ended speculation he would become the next head coach at arkansas. by agreeing to a seven-year contract that will keep him in baton rouge through 2019. that's leverage move there, les. "the washington post" reports that the new deal will pay miles in the range of $3.4 million a year, that is...
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Nov 29, 2012
11/12
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FOXNEWSW
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. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. morning because my back hurt so bad. the sleep number bed conforms to you. i wake up in the morning with no back pain. i can adjust it if i need to...if my back'
. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male...
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Nov 22, 2012
11/12
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. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are four more times likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba games. lifting the hawks over washington, 101-100 and next, russ well westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> fourth ranked michigan made a second half come back at the nit semifinals. wolverines beat pittsburgh skaech-62, to advance for the championship game. a big nfl thanksgiving triple header today, come on, men, you know you're excited, starts with texans at the lions at 12:30 and redskins at downs at 425 and primetime matchup has the "new york times" jets at 8:20 on nbc. >>> your entertainment is straight ahead. on this thanksgiving, actor william shatner gets autotuned in this deep fried turkey from state farm. it's a little bizarre. take a listen. ♪ ♪ i want a deep fried turkey, a moister taking turkey ♪ ♪ blinded by my hung er i ignord safety ♪ ♪ spatula tasted
. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are four more times likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba games. lifting the hawks over washington, 101-100 and next, russ well westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> fourth ranked michigan made a second half come back...
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Nov 25, 2012
11/12
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KGO
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eye 326
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maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the president hasn't made a final decision yet. if he went for it, despite this controversy over benghazi, he would get her through the senate. the top guy to replace timothy geithner, is jack lew. >> slightly less serious note we would like to hit, apparently some head shaving on the broadcast this morning. >> the first on "this week." this is a great story. the top spokesman for both of the democrats and republicans, whoever lost the election would shave their head. this is sean spicer was supposed to shave his head. the rnc spokesp
maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of...
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Nov 26, 2012
11/12
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at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and off
at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets...
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Nov 28, 2012
11/12
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CSPAN
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and actually it make ours deficit worse system of we need to get this right. i can only do it with the help of the american people. so tweet, what was that again, #my2k. tweet using the hashtag #my2k. post it on a member of congress' facebook wall, email, to what it takes to communicate a sense of urgency. we've got a few weeks to get this thing done. we could get it done tomorrow. now, optimistcally, i don't think we're going to get it done tomorrow. but i tell you if everybody here goes out of their way to make their voices heard and spread the word to your friends and family, co-workers, neighbors, then i am confident we will get it done. and we will put america on the right track, not just for next year but for many years to come. all right? thank you very much, everybody. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> president obama from within the last half-hour. his press spokesman, jay carney is brief regular porters now, you can follow that on c-span.org. word that presid
and actually it make ours deficit worse system of we need to get this right. i can only do it with the help of the american people. so tweet, what was that again, #my2k. tweet using the hashtag #my2k. post it on a member of congress' facebook wall, email, to what it takes to communicate a sense of urgency. we've got a few weeks to get this thing done. we could get it done tomorrow. now, optimistcally, i don't think we're going to get it done tomorrow. but i tell you if everybody here goes out...
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Nov 22, 2012
11/12
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MSNBCW
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when somebody stops inevitably mattering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you i am glad to know other people bring charts to thanksgiving dinner. >> we're preparing them so america can do that. awesome. thanks. >> have a great thanksgiving. >> you, too. you know what i am thankful for this thanksgiving? i am thankful elections, they have consequences. >> the time for bickering is over. the time for games has passed. now is the time to deliver on health care. >> have you read the bill? hell, no, you haven't. >> the supreme court has upheld president obama's health care law. >> the health care law. >> the signature achievement of barack obama's presidency. >> now they're trying to drag it into the negotiations over the fiscal cliff. >> we have a new message from congressman boehner. >> we can't afford it, we can't afford it and we can't afford to leave it in tact. that's not a new message. >> can you say it was done openly? >> that is not a new message. >> they have been defeated thr
when somebody stops inevitably mattering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you i am glad to know other people bring charts to thanksgiving dinner. >> we're preparing them so america can do that. awesome. thanks. >> have a great thanksgiving. >> you, too. you know what i am thankful for this thanksgiving? i am thankful elections, they have consequences. >> the time...
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Nov 28, 2012
11/12
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CSPAN2
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we were still running a deficit, a deficit of about $2 billion a year. for fiscal year 2012, which recently ended, total federal revenue was $2.45 trillion, basically back to the pre-recession levels. but total federal spending was above $3.5 trillion. so what happened? well, tax revenues back to where it was before the recession, but federal spending is now $800 billion, almost $1 trillion higher than it was just five years ago, in fiscal year 2007. it's no wonder the federal spending and our national debt will continue to grow for the forseeable future. according to the congressional budget office, mandatory spending, which kpraoeuplss about 6 -- comprises about 60% of total federal spending in fiscal year 2012 is going to continue to grow. if you look at what's driving that, medicare, medicaid, social security. those programs alone represent over 40% of federal spending currently. spending on these programs is projected to grow at an unsustainable rate, and we cannot, madam president, simply raise taxes to pay for all this new spending. that's the pro
we were still running a deficit, a deficit of about $2 billion a year. for fiscal year 2012, which recently ended, total federal revenue was $2.45 trillion, basically back to the pre-recession levels. but total federal spending was above $3.5 trillion. so what happened? well, tax revenues back to where it was before the recession, but federal spending is now $800 billion, almost $1 trillion higher than it was just five years ago, in fiscal year 2007. it's no wonder the federal spending and our...
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Nov 29, 2012
11/12
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copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you. freeport at 3960 has a lot of resistance. you're just about there. >> barnes & noble was a drop today, a big one. 11%. >> i'll refrain from the jokes, although there are many. we've cautioned against this one, although it has had a nice bounce. the quarter was lousy. there was news around 3:00 that might have been construed at bullish. i think it goes lower. >> why refrain from them? >> usually you jump right into them. >> this is a nice time of year to go to barnes & noble. hang out for seven or eight hours. >> read. >> put your name tag on in case you forget who you are. it's all good. >> all right. moving on. pop for kroger up 4%. >> kroger is basically your old school supermarket where whole foods is the trendy one. it's been outperforming whole foods. i'd say with kroger. i would play haines celestial. >> pop for facebook, up 3%. >> well, piper javr ri reported facebook might go with a wanted button. they feel like this could generate about $10 billion in revenue by 2015. they up
copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you. freeport at 3960 has a lot of resistance. you're just about there. >> barnes & noble was a drop today, a big one. 11%. >> i'll refrain from the jokes, although there are many. we've cautioned against this one, although it has had a nice bounce. the quarter was lousy. there was news around 3:00 that might have been construed at bullish. i think it goes lower. >> why refrain...
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Nov 25, 2012
11/12
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not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defended herself and the president indicated he would like to pick her although he said he didn't make a final decision. i believe if he went for it despite the controversy over what happened in benghazi he would get her through. the leading candidate for treasury is probably the white h
not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the...
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Nov 26, 2012
11/12
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the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about what they see and what they said was an existential threat to our country. we need to disenthrall ourselves from the extreme voices who choked off reasonable debate in washington. >> don't fear the grover. best quote of the day. john avalon, always a pressure. thank you for coming on. >>> looming fiscal cliff you're hearing so much about is one reason republicans are having a change of heart on this whole no tax pledge. the term fiscal cliff evokes scary imagery, but it is not so much a cliff as it is a set of stairs with the spending cuts and tax hikes getting more painful with eac
the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about...
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Nov 29, 2012
11/12
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without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up. the underlying assumptions in our tax code are frankly out of step with the complexities of today's global economy. this is especially evident in our corporate tax code. on the domestic side of our corporate tax code, the u.s. has become the highest tax rate country among all the developed countries in the world. so canada just lowered their rate from 16.5% to 15%. our rate is 39.2% when you combine the state and federal burden. federal burden 35%. state burden closer to 5%, 6%. so right now, the average among all the developed countries in the
without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up....
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Nov 27, 2012
11/12
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we also have an infrastructure deficit and education and skills training deficit. we want to get back on track and address that issue. they will have a paycheck and their families will be able to have food on the table. i think this showed us that we can work in a bipartisan way. i hope that we can do that moving forward now to address the number one issue for every family. jobs. >> why would this be more successful in addressing taxes or entitlement program when the by in group for the -- >> the answer is pretty obvious. hanging over the head of the joint committee is this trigger that is pretty drastic. >> are there things to keep this from happening again? is there a chance that the house caucus once again will say, we are t going to support a debt ceiling increase after 2013. >> i think this sets the tone for what happens in the future and think the trigger kicks in. of course, they will take places in between that and 2013. >> the extension, by the end of the day, would you be head to head? >> we have 80,000 jobs on the line. we started construction about two
we also have an infrastructure deficit and education and skills training deficit. we want to get back on track and address that issue. they will have a paycheck and their families will be able to have food on the table. i think this showed us that we can work in a bipartisan way. i hope that we can do that moving forward now to address the number one issue for every family. jobs. >> why would this be more successful in addressing taxes or entitlement program when the by in group for the...
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Nov 29, 2012
11/12
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rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there has been no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to overt the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester. and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it will be impossible to address the debt crisis and get our economy going again and create jobs. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. with that i'll take a few
rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there has been no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to overt the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester. and pave way...
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Nov 27, 2012
11/12
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to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who are on medicare and medicaid. he reforms the medicap wraparound insurance plan. right now medicare is essentially indirectly subsidizing those plans. so the president actually has substantial savings, not only in health care, but in many other areas. for example he eliminates a lot of the excessive agriculture subsidies. so the president's plan does have that balance of cuts, and revenue. >> interesting that you bring up health care because eric cantor, something we heard from speaker boehner, he would like obama care to be back on the table. i mean, dem
to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who...
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Nov 28, 2012
11/12
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social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a plan to buy 75 years of salt with the rigid of solvency. i might add a wrinkle here. every 10 years, a similar commission ought to be created. let's not get into this mess where we have six months to go with social security. you know how important it is for people. people are devastated by the recession and their pension plans lost. it is important to us, our kids come and grandchildren. i think we should create a commission that will report back to congress before a vote by the end of the next calendar year. i want to talk about the two toughest eleme
social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a...
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Nov 29, 2012
11/12
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what the hell do you think a $1 trillion deficit is? once people wake up as to what is really coming, they will savage us and the commission. do not think these interest groups are not whoring it out right now. >> we came from the witness protection program. [laughter] >> it is tough to tell people what is going on when you have a presidential debate and during the course of that, no one asked anybody what they were going to do about the long-term solvency and social security for 75 years. if you do nothing, which is the glorious recommendation of the aarp and other senior groups, that in the year 2031, you will waddle up to the window and get a check for 25% less. who is goofy enough to let that happen? plenty of people. you have never heard a single question, what will you do with a $16 trillion debt? a question i thought was rather significant. >> the word fiscal cliff was never mentioned by candidates or one of the moderators in the debates. every day, we have a countdown. we already elected the guy. it has to be dealt with on its o
what the hell do you think a $1 trillion deficit is? once people wake up as to what is really coming, they will savage us and the commission. do not think these interest groups are not whoring it out right now. >> we came from the witness protection program. [laughter] >> it is tough to tell people what is going on when you have a presidential debate and during the course of that, no one asked anybody what they were going to do about the long-term solvency and social security for 75...
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Nov 22, 2012
11/12
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they prioritize job creation over deficit reduction. now, the reality is the two don't have to be mutually exclusive, and i think that's what we're seeing from senator schumer when he's talking about perhaps extending the payroll tax holiday which is something that would effect 160 million americans in the middle class. look, when you talk about the last stimulus package, moody's concluded in 2010 that every dollar that was spent out of that package contributed $1.44 back to the economy. that's not a failure, that's a success. >> it is a failure when we -- >> we don't have a weak economy. we need to continue to focus on the weak economy, and aggressive deficit reduction is not going to help. ainsley: brad, what was your response? >> look, this is another payoff to the unions just like in 2009 for supporting the president. the president does not have a mandate from the american people, far from it. he got nine million less votes than he got the last time. if anything, this is a huge do over for all parties. [laughter] now, while the amer
they prioritize job creation over deficit reduction. now, the reality is the two don't have to be mutually exclusive, and i think that's what we're seeing from senator schumer when he's talking about perhaps extending the payroll tax holiday which is something that would effect 160 million americans in the middle class. look, when you talk about the last stimulus package, moody's concluded in 2010 that every dollar that was spent out of that package contributed $1.44 back to the economy. that's...
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Nov 23, 2012
11/12
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we're in for a time of belt tightening and getting our deficit under control. it's going to last for years. >> susie: let's hope it won't too bad, daren. thanks lot. our washington bureau chief, darren gersh. >> tom: of course you can watch our continuing fiscal cliff coverage on the web online just click on fiscal cliff link on the home page right there at nbr. com. that's "nightly business report" for thanksgiving, thursday, november 22nd. good night, susie, and everyone. >> susie: goodnight, tom. thanks for watching, everyone. we wish all of you a happy thanksgiving. and we hope to see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
we're in for a time of belt tightening and getting our deficit under control. it's going to last for years. >> susie: let's hope it won't too bad, daren. thanks lot. our washington bureau chief, darren gersh. >> tom: of course you can watch our continuing fiscal cliff coverage on the web online just click on fiscal cliff link on the home page right there at nbr. com. that's "nightly business report" for thanksgiving, thursday, november 22nd. good night, susie, and...
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Nov 27, 2012
11/12
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CNBC
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we've got a 20 trillion a year deficit. i would like to see what people would want accomplishment in terms of entitlement reform or pro-growth policies. so many things to think about but little emphasis on that speech. as a business owner when you watch that, isn't there anything else in your universe that makes sense to talk about other than letting it expire on the high end? >> i think that this idea of focusing on the 250,000 and above which is not the high end in new york city for example in san francisco and los angeles and washington d.c. >> think about all of the things we with talk about to get back to 4% growth. >> it's a symbol. it's become a symbol. >> we need answers here. >> i agree. i think what it's become is a simp symbol and gesture that those making more should pay more. it's been a distraction. in fact, if we as you just pointed out if we let them expire on everyone at 250 or more, it wouldn't make a difference and negative impact. >> negative to small business owner. >> that's one of the points that's go
we've got a 20 trillion a year deficit. i would like to see what people would want accomplishment in terms of entitlement reform or pro-growth policies. so many things to think about but little emphasis on that speech. as a business owner when you watch that, isn't there anything else in your universe that makes sense to talk about other than letting it expire on the high end? >> i think that this idea of focusing on the 250,000 and above which is not the high end in new york city for...
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Nov 22, 2012
11/12
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>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if obama-care is the most important program then it survives. if there are other thing that are more important it does not survive. we take one thing off the table from the outset this is not a true negotiation. you look at everything that exists and make decisions about each of them based on their own merits. not take one single bill and taking its off the table. particularly a bill that 47% of americans still oppose. rick: the number of people who still don't know exactly what obama-care is all about, whether they would benefi
>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if...
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Nov 29, 2012
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it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes are going up on the rich, that in fact some of those spending cuts to bring down the debt will actually materialize. it might make it more likely to go of 00 cliff even though the president insisted today he thinks there will be a deal within weeks, shep. >> shepard: as for extending tax cuts for middle class americans it sounds like there is some agreement on that matter. >> it sounds like some republicans rank and file republicans are starting to turn away a little bit from speaker john boehner. tom coal rank and file member. is he part of the leadership but from oklahoma and basically said today extend the
it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes...
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Nov 27, 2012
11/12
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social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
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Nov 27, 2012
11/12
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that's exactly what deficit reduction is. we're paying a little bit while we're healthy to protect against the likelihood, the small or great likelihood, we might have a debt crisis later. but my feeling is that now, that the economy is weak, growing at 1.8% for the last 24 months, we're not creating that many jobs, unemployment is still around 8%, the economy is still wheezing faintly. and when you're wheezing faintly, you need the strong medicine that high deficits offer. >> there's a lot of talk of the fear of the u.s. falling into the same hardships as europe. specifically greece. i want to play what senator lindsey graham had said about this. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece. >> okay. here's what you said in your article. deficit reduction takes economic activity out of the economy. if you want to see what austerity does to a weak private sector, just look at europe. which policies do you think would turn us into europe? how would that happ
that's exactly what deficit reduction is. we're paying a little bit while we're healthy to protect against the likelihood, the small or great likelihood, we might have a debt crisis later. but my feeling is that now, that the economy is weak, growing at 1.8% for the last 24 months, we're not creating that many jobs, unemployment is still around 8%, the economy is still wheezing faintly. and when you're wheezing faintly, you need the strong medicine that high deficits offer. >> there's a...
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Nov 24, 2012
11/12
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FBC
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it is a deficit. with 2.5 trillion dollars tos tr work with. billion nex $901 billion for next year.tiont the national debt is over $16 trillion.$1 and the president's big plan cember has 1.6 trillion dollars.h first you want to raise 849 billion. over 10 years by allowing the bush tax cuts to go away this year. those with $849 billionhundred n including $206 billion.lion on i two itemized deduction.n apital higher taxes on capital gains and the white house wants to raise $584 billion aver 10 years.thev by reducing the value of tax c breaks with a charitable m contributions, mortgage payments that could have an impact on the housing industry. we have some thain going good now so let's stop that. the rest comes from raising taxes on energy companies and brokers and traders. over a decade bricks down $160 billion each year that still leaves a hole of the hundred $40 billion. he so you're looking at alionde $100 trillion deficit the president was to demonize the bushhe tax cuts but thewill. tax revenue is already increasing under the bushes. rates
it is a deficit. with 2.5 trillion dollars tos tr work with. billion nex $901 billion for next year.tiont the national debt is over $16 trillion.$1 and the president's big plan cember has 1.6 trillion dollars.h first you want to raise 849 billion. over 10 years by allowing the bush tax cuts to go away this year. those with $849 billionhundred n including $206 billion.lion on i two itemized deduction.n apital higher taxes on capital gains and the white house wants to raise $584 billion aver 10...
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Nov 29, 2012
11/12
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>> we had 18 debt an deficit commissions since ronald reagan became president in 1981. in more than half of those, medicaid, medicare an social security were supposed to be part of fixing the debt and deficit, it never happened. if they kick the can down the road again without fixing entitlements in the process, entitlements still won't get fixed. >> we asked you to comment on the news and then sometimes you make news. the news about you, it says you are considering running in a primary to challenge saxby chambliss. are you any closer to a season? tell me what you're thinking and who is encouraging you to do that. >> well, you know, i said all along, no i'm not going to do this. i've been dismissive. in the past couple days, a number more prominent names have been calling and saying shy do it. i feel i owe them more consideration. i'm not closer to thinking i will do it, but i'm thinking about it more. my wife is adamant if i do it, i will be buried in the backyard before i announce. i think saxby chambliss, it's time for him to be primaried. >> your wife will bury you
>> we had 18 debt an deficit commissions since ronald reagan became president in 1981. in more than half of those, medicaid, medicare an social security were supposed to be part of fixing the debt and deficit, it never happened. if they kick the can down the road again without fixing entitlements in the process, entitlements still won't get fixed. >> we asked you to comment on the news and then sometimes you make news. the news about you, it says you are considering running in a...
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Nov 27, 2012
11/12
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that is not the federal budget deficit you're looking at. the powerball jackpot reaches $425 million. the latest on the big drawing just ahead. jenna: now we turn to the latest on the new health care law. the supreme court ordering the fourth circuit court of appeals to take a second look at liberty university's challenge of the health care law. the christian school believes americans should not be required to purchase health insurance and employers should not be forced to provide it if there are religious objections to certain provisions like birth control that are part of the health care they're providing. the move could open the door for president obama's health care law to be backed before the supreme court late next year. david rifkin is a constitutional law attorney and former white house counsel under presidents reagan and george h.w. bush. nice to have you with us today. >> good to be with you. jenna: how strong is liberty's case here? >> well, first of all it is entirely appropriate and expected the case would go forward give the fa
that is not the federal budget deficit you're looking at. the powerball jackpot reaches $425 million. the latest on the big drawing just ahead. jenna: now we turn to the latest on the new health care law. the supreme court ordering the fourth circuit court of appeals to take a second look at liberty university's challenge of the health care law. the christian school believes americans should not be required to purchase health insurance and employers should not be forced to provide it if there...
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Nov 24, 2012
11/12
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willing to talk about crucial issues that neither of the other two seemed willing to talk about, like deficit reduction. so nixon thought he was making a positive contribution that way. but nixon also disagreed with perot's protectionist and isolationist strains in his platform. and then perot exited the race and jumped back in, and this really disappointed nixon because he thought that perot was treating the presidential race as a game that was subject to his own caprices and his own whims. and so nixon thought that the country could not afford to have such an erratic character as a vice presidential or a presidential nominee. c-span: how did you go about getting random house to buy this book? >> guest: actually, i had worked with harry evans at random house on nixon's last book, "beyond peace." so i had somewhat of an association with him. and i let him know that i had several sample chapters done that mr. safire had read, and i had a simple outline for him, and would he be willing to read it? and he was, and he liked it, and so that's how it came to be c-span: and when did you start that p
willing to talk about crucial issues that neither of the other two seemed willing to talk about, like deficit reduction. so nixon thought he was making a positive contribution that way. but nixon also disagreed with perot's protectionist and isolationist strains in his platform. and then perot exited the race and jumped back in, and this really disappointed nixon because he thought that perot was treating the presidential race as a game that was subject to his own caprices and his own whims....
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Nov 27, 2012
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not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do that. they failed to end the medicare guaranteed. they failed to slash medicaid, education. in this measure, we succeeded in protecting medicare and social security beneficiaries. we succeeded in protecting seniors in nursing homes, individuals with disabilities, and poor kids who depend on medicaid for their health care. we succeeded in providing room for critical investments in education and america's future. do not get the wrong, mr. speaker. there is much in this plan i do not like. we did not succeed in shutting down s
not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do...
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Nov 27, 2012
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deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be talking about investment that will put americans back to work and that takes care of a third of the deficit. if you're talking about a grand bargain, okay, revenues putting people back to work and then we'll talking about cuts. >> that's a profound point. all of a sudden we're supposed to go into this grand bargain of medicare and medicaid because we went through recession and the tax base was low because there was a lot of people unemployed for months on end and we had to invest in the economy to where we've got it
deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be...
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283
Nov 28, 2012
11/12
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CSPAN2
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what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country. it's supposed to be the other way around. so i'm going to tell you how condi has been dedicated to this issue. a year and a half ago i called her up and said convy, i want you to do some thing for me and with me. she said richard coming to b.c. don't even start. i said okay. i said before the end of this conversation come you're going to agree with going to ask you. and she said no way. i said with the council on foreign relations and all of our time working on things like china and mexico and all the traditional foreign-policy issues. we believe the agenda and all things domestic. but
what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country....
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75
Nov 21, 2012
11/12
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FBC
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that does not help us close the deficit gap. may be politically of fun move for someone to hang their hat on, but the deficit and an economic stadpoint, it's just is not make sense. melissa: i absolutely hear what you're saying in think there are people who agree with you. are you willing to stand that ground and not yield and go over the fiscal cliff rather than yielding on that position of marginal rates? >> kiffin important for us to solve this prblem i think with the economy flying solo and so slow, congress and the president ought not be creating turbulence right now. let's just solve this thing. let's all that the right way. melissa: i hear you. what do you do from there to avoid going over the cliff? >> i think the common ground is revenue. we know that we can balance and pay our debts and build that gdp, which is what are generating. eighteen, 18 and a half percent, @%different issue. we think we can work with the president and democrats to find a way to create new revenue, mean substantial revenue to start taxing. melis
that does not help us close the deficit gap. may be politically of fun move for someone to hang their hat on, but the deficit and an economic stadpoint, it's just is not make sense. melissa: i absolutely hear what you're saying in think there are people who agree with you. are you willing to stand that ground and not yield and go over the fiscal cliff rather than yielding on that position of marginal rates? >> kiffin important for us to solve this prblem i think with the economy flying...
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209
Nov 29, 2012
11/12
by
CNBC
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he said that's going to put a drag on the economy but we have to do something about the deficit. i don't really understand reasonings. i think he needs to go back to economic then i would argue the deficit gets worse because the revenues don't come in because the unemployment rate goes up. >> you're absolutely right. france instituted a 75% marginal tax great early last night grease going we've got to make sure we're getting gross right if we want to face the deficit. you go pro row tax reform you broaden out debate like an 82-year-o 82-year-old. >> you think, however, reading from your notes and looking at the stock market, particularly retail stocks, you believe that taxes are going up. you believe that's the stock market message, it meal why then. the blebs saying it when you look at the retailing names, the market tells you they think all the middle class market will get extended. you see order? core it's not just this consumption that's going to you're going to gets will live dent, small cap stocks are underperforming. we're going to have a hard cap gains tax, a high are def
he said that's going to put a drag on the economy but we have to do something about the deficit. i don't really understand reasonings. i think he needs to go back to economic then i would argue the deficit gets worse because the revenues don't come in because the unemployment rate goes up. >> you're absolutely right. france instituted a 75% marginal tax great early last night grease going we've got to make sure we're getting gross right if we want to face the deficit. you go pro row tax...
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130
Nov 27, 2012
11/12
by
FOXNEWSW
tv
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we cannot get there, get the deficit down without significant cuts in spending. >>neil: the election has consequences and you could argue that a key premise of the president's re-election was i will raise taxes on the rich and he is likely entitled to that, he will likely see that but it is all the other things they are leveraging with democrats do not touch entitlements and putting everything on table it remind me of george bush sr. he agreed to reverse the pledge oh ride -- "read my lips, no new taxes." but the democrats never offered correspondenting spend cuts. we know what happened to him. what happens to those who agree do in the republican party? >>guest: the republican party has to stand for economic growth and it has to stand for the principle that keeping tax rates low and reforming the tax system is the way to grow the economy. i disagree slightly with rand paul. i am in favor of closing loopholes. i hate them. i call them termites in the tax system but we should use that money to credit a first-class world class tax system that stops exporting jobs. w
we cannot get there, get the deficit down without significant cuts in spending. >>neil: the election has consequences and you could argue that a key premise of the president's re-election was i will raise taxes on the rich and he is likely entitled to that, he will likely see that but it is all the other things they are leveraging with democrats do not touch entitlements and putting everything on table it remind me of george bush sr. he agreed to reverse the pledge oh ride -- "read...